Parker Creates New Leadership Role and Appoints Officer

12.09.2008

Parker Hannifin Corporation announced the creation of a new leadership role in the company of President - Europe, Middle East and Africa Group. Charly Saulnier has been selected to assume responsibility for this newly created position following his appointment as an officer by the company s Board of Directors.

Saulnier will have leadership responsibility for Parker s sales companies in the region, as well as coordination responsibility for functional groups such as information technology, human resources, finance, legal, and supply chain. Mr. Saulnier will be located at the company s new European headquarters in Etoy, Switzerland.

"As Parker s sales continue to grow internationally, it is important that we have senior regional leadership in place with the appropriate responsibility to meet customer needs and continue to achieve our growth targets," said Don Washkewicz, Chairman, CEO and President.

Saulnier has served as President of Sales Companies, Europe, Middle East and Africa, since January 2008. Throughout his 37 year career at the company, Saulnier has held a variety of increasingly responsible roles spanning engineering, operations management, sales and marketing, and division general manager roles.

About Parker

With annual sales exceeding $12 billion, Parker Hannifin is the world s leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs approximately 62,000 people in 48 countries around the world. Parker has increased its annual dividends paid to shareholders for 52 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index.

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